Unit 3- Joint stock company (Vocab. words)

Meaning of the word 'Shares' ___________________

• Unit(s) of ownership in a company.

• Piece of paper

• Money

A Shareholder is ______________

• any random person

• one who manages the company

• Employee of the company

• Owner of the company

Separate legal entity means _________

• it means company and owner are one and the same

• it means the company is separate legally and financially from its owners

Joint stock company means _________

• Any company

• Partnership firm

• A company made up of a group of shareholders.

Reliance is a Public limited company

• True

• False

Private company is open to public.

• True

• False